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• • <br />Minutes Emergency Called Meeting <br />La Porte City Council <br />March 17, 1994, Page 2 <br />Mayor Malone asked Mr. David Fetzer if he wanted to speak. <br />Mr. Fetzer stated, "Mr. M. Paul Martin, the City's bond <br />counsel, after conferring with the Attorney General's office, <br />determined the La Porte City Council needed to readopt these <br />two ordinances and have interest rates inserted in the <br />ordinance that the bonds would carry, that is the reason we <br />are holding this meeting. We were able to effect the <br />refunding as we talked about with maybe a little better <br />savings than we anticipated, a little over a million for the <br />G.O. bonds and three hundred seventy three thousand for Water <br />and Sewer Revenue bonds. We recommend you adopt these <br />ordinances." <br />Motion was made by Councilperson Maxwell to adopt Ordinance <br />94-1993 and 94-1994. Second by Councilperson Sutherland. The <br />motion carried, 9 ayes and 0 nays. <br />Councilperson Porter stated a correction to the ordinance <br />numbers as 94-1973 and 94-1974. <br />Ayes: Councilpersons Sutherland, Cooper, Thrower, <br />McLaughlin, Porter, Gay, Maxwell, Clarke and Mayor <br />Malone <br />Nays: None <br />Mayor Malone introduced M. Paul Martin, McGinnis, Lochridge & <br />Kilgore, L.L.P, to Council. Mr. Martin thanked Council for <br />meeting tonight to complete these transactions. <br />5. There being no further business to come before Council, the <br />meeting adjourned at 5:50 P.M. <br />Respectfully submitted <br />~'`~ <br />Sue Lenes, City Secretary <br />Passed and Approved this the 28th <br />day of March, 1994 <br />,~ <br />~~ <br />No an L. Malone, Mayor <br />